Yes, you can make money from real estate. There are several ways that average people can do this:
– Wholesaling properties (assigning them)
– Buy and flip (after rehabbing)
– Tax liens
– REO properties (real estate taken back by bank)
These are the primary methods that Than Merrill’s associates (you won’t see Than Merrill) teach at his seminars.
Warning, you won’t really get the details of how to do this at his FREE seminar. You will be invited back for additional training (for a couple of hundred dollars more) to learn SOME of these techniques.
And, of course, if you want to access his investors you will pay even more (in the thousands of dollars) to make your money.
If you want to use the methods mentioned to “make money with real estate” here are a few challenges that you will encounter:
– Wholesaling properties
Some states don’t really like the idea of ‘wholesaling’ properties. In fact, there are laws against it. The crime is referred to as “practicing real estate without a license.”
The other downside of wholesaling properties is that you need to SELL the person who has the property on doing the wholesaling deal with you. (A complete stranger who may not have sold anything in your life, let alone real estate deals). Then you have to find a buyer who is willing to fund the deal and buy the property.
– Buy and flip
This is a perfectly legitimate way to make money in real estate. In fact, Carleton Sheets, who some call the godfather of real estate infomericals, showed viewers how to do this way back in the 1980’s.
The problem is that you need MONEY to buy property! And you need people who will do these renovations on time and in budget. Yes, the HGTV shows make it look easy.
Here you may be thinking; “I don’t need MY money, I’ll just use a Hard Money Lender.” Getting in bed with a hard money lender is a VERY expensive proposition. And if you mess up you could lose all of your money AND the property (you see they use the property as collateral).
– Tax liens
This is a good, and some would say safe, way to invest in real estate. Even if the delinquent property owner pays off the lien, and you don’t get the property, you still earn interest. In some states, you can earn as much as 18% back on your investment.
But that’s the rub, you must have money to purchase tax liens. And you need to be smart enough to know which areas of town are the best buy. Smart tax lien investors often spend months, if not years, getting this right.
– REO properties (real estate taken back by bank)
Another great way to invest in real estate. Many homeowners lose their homes, sometimes through no fault of their own, life happens. But you will still need money. And most banks have conditions regarding the repairs that need to be done. Yep, 99% of REO properties need repairs. That’s one of the reasons they are such a good buy.
Looking for a way to earn income without the expense of real estate (or the steep learning curve)?
Chances are you have searched all over the internet trying to find a Six Figure Mentors Review that does not come from either someone promoting it or someone calling it the SFM Scam. All you really want to know is What is Six figure Mentors and does it work?
Stuart Ross Six Figure Mentors scam
Am I Right?
If so, in this review you are going to discover an honest, unbiased, non affiliated look into Jay Kubassek and Stuart Ross’s Six Figure Mentors program.
Here is a preview of what you will learn about the SFM system in this review:
What it is
How much it cost
Who it is intended for
Pro & Cons
What the training consists of
My professional opinion of it’s legitimacy based on my research and interviews
Oh, and lets not forget about what you and everyone else really wants to know above all else…..
Can it make you money, and if so, just how much?
Allow me to hit you with some Six Figure facts to help you decide for yourself if it’s right for you.
So, continue reading this review into whether or not Stuart Ross and Jay Kubassek’s system is really worth the Time and Money that you will have to invest.
What is Six Figure Mentors
SFM was released originally in August 2010 by Stuart Ross and Jay Kubassek as a way for them to be emotionally rewarded (as they say) for helping others live the same kind of lavish lifestyle as they brag about living.Six Figure Mentors Scam
However, due to the exponential fail rate that their students were having, Stuart and Jay went back to the drawing board and recreated their Training.
What they pretty much did was add a team of telemarketers to act as your personal sales team and took the technical know how part out of it so that anyone could understand it.
And then in 2012….
They released their revamped system as a way for all walks of life, young and old alike, to have a community where they could go and learn all about Internet marketing and how to make money as an affiliate of SFM.
This is where my Check Scam Light began to go off.
Because Stuart and Jay want you to fork over cash for the privilege to call yourself a SFM Affiliate.
In all of the affiliate programs that I have ever been involved with (50 or so) I have never at any point and time had to pay or have I been asked to pay a fee to become affiliated with them.
This is because legitimate affiliate programs do not charge you, they pay you a commission for either the sales or leads that you bring to them as one of their affiliates.
The only people paying out in the affiliate marketing process are:
The customer you as an affiliate sold a product to
The Vendor when they pay you your commission
The Vendor paying the Affiliate Network to find them affiliates
So, What is the Six Figure Mentors Program?
Well, it is suppose to be a platform where you can either learn how to make money online as a beginner from scratch or learn how to make the business that you already have become more successful.What is the six figure mentors program
In reality, it is a MLM (Multi Level Marketing) scheme that offers it’s members basic Internet/Affiliate Marketing Knowledge that is peppered all over the internet and can be obtained for free.
If you are willing to put in the time to find it!
If not here is another free option for learning the same thing that SMF will teach you only this one is truly free.
Although, it has been reported that SFM has paid out over 40 million dollars in commissions since it was started back in 2010.
So they must be doing something right!
Or is it just all smoke and mirrors to lure you into buying the expensive up-sells?
Six Figure Mentors Training and the cost of it
Six Figure Mentors has an application process you must first go through before you can be considered a full member and this application will cost you $29.95 plus monthly dues.Six Figure Mentors Membership Scam
According to Mr.Ross this is done for two reasons:
So he can evaluate you to see if you will be a good fit for his system
So that you can determine if his system is going to be right for you
You ask me this is nothing more than a common MLM selling tactic to make people believe that they are getting to be apart of something really special.
I say this because as long as you are willing to go all in, buy the elite package, plus pay the monthly fee that goes with it, than you are let in with arms open wide almost immediately.
I thought Stuart wanted to weed out the people that were not truly serious about making money so he could keep his system full of folks with the “Right” mindset.
It sounds to me like he wants to weed out the folks that have the sense enough to know better when they are getting taken for a ride and keep the ones that pay first and ask why later.
I will leave you to decide that but as you have probably already seen, you can find him mentioning this application process in his introductory video to this system. What is Six Figure Mentors
Now, as for the cost of admission and the “training” you will get for it comes in three different forms, all of which you must pay the application cost first.
On the plus side you get a free video series.
Being that you are doing your homework so to speak, about Stuart and Jay’s system, I am sure that you have already seen what it says on the sales page.
But here is what it all that actually means.
Free Digital Lifestyles Video Series- This is what I like to call click bait.
Basically it is a way for them to get your email address so that they can bombard you with emails that try to convince you of how great of an opportunity it is.
All it really is is a bunch of short flicks of them telling you how good they got it and how if you can do the same by buy into their affiliate program to sell SMF to others.
Introductory- In this package you will get to have a look around the Digital Businessman Lounge (DBL) area.
As well get access to the INTRO Six Figure Mentors Training Module which is another video of them talking about their selves.
Also included in this $29.95 package is a recording of their training before it was “Revamped” along with other footage of them coaching other before you.
If you go this route you can expect a business call from a coach on or about your 28th day. 2 days before your money back guarantee runs out.
The Six Figure Mentors Products
If you think this one is right for you it will cost you an additional 25 bucks a month on top of the application fee.
Basic Package- This is where you will begin to access the training modules for learning how to make money using basic Digital and affiliate marketing techniques.
This package will also expedite your application process from 28 days to a mere two or three.
You will also get everything that was included in the package/membership before it, premium DBL membership, the Digital Entrepreneur Blueprint, and the live weekly training video courses.
If you opt in to this package you will be paying a one time payment of $297 on top of a monthly payment of $97.
Oh, and you still have not bought the right to become a “Six Figure Mentors Affiliate”.
The Elite Package – Now, if you buy this high dollar membership package you will now have the right to call yourself an affiliate of SMF.
And to think it only took a monthly charge of $97 and rock bottom one time payment of $2,297 for them to bestow that privilege upon you.
This privilege is known as the DEA Affiliate Enrollment which will make you eligible for the $1,000 high ticket affiliate commissions.
You will also gain access to one on one coaching from Stuart Ross or Jay Kubassek along with everything else that was offered in all the other opinions leading up to this point.
Pros and Cons of Stuart and Jay’s System
30 Day Money Back Guarantee
Does teach you basic affiliate marketing techniques
Videos are informative and easy to understand
Possibility for $1,000 commissions
A Sales team to close your leadsSix Figure Mentors Affiliate program
Can continue to make 10% commissions off of your referrals, referrals
Includes a website in elite membership package
Is upfront in sales video that you will not get rich quick
It is a MLM scheme disguised as an Internet marketing training program
have to pay hundreds of dollars to get the actual training
pushed to buy all of the up-sells in order to get what was initially promised
have to pay to become an affiliate
have to buy to separate memberships (SMF & Digital Experts Academy)
Sales page is littered with scam warning signs such as the high priced Cars & Houses.
Misleading as to what each membership gives you
Highly priced Hosting & Website Fees
Training can be found for free with a few Google Searches
Flat out costs to much for what you are actually getting
Must remain a paying member to receive your affiliate commissions
Six Figure Mentors Review- My Verdict
As I mentioned above, you will be holding two separate memberships if you buy into this distracting MLM Scheme.The Six Figure Mentors
Six Figure Mentors (Stuart Ross’s Product)
Digital Entrepreneurs Academy ( Jay’s Product)
This is what they meant when they told you in the introductory video when they said they partnered up.
Don’t get me wrong both of these guys are great marketers in their own respected niches but my opinion of what they are selling you is no more than a dream.
Because unless you already have your own business up and running or unless you have a few grand upfront to get started, you will not be making any money from this system.
Six Figure Mentors Review
This is just one of the many comments that I ran across in forums all over the internet saying this very same thing in one form or another. This just happened to be the one of the more polite ones.
However, the training videos and courses that are there are very informative but they are of basic marketing techniques that can absolutely be found almost anywhere else for free.
Matter of fact I can think of two right of hand that are free and come with a community of expert marketers to boot. They are Wealthy Affiliate and Affilorama.
That is just two and that is just the first two that I thought of. There are many other options as well as can be found from doing some Google searches if you want to go it alone.Six Figure Mentors Cost
So, can you make money with this system and does it work?
Yes potentially, but you will have to invest quite a bit of money just get the wheels greased enough to get moving.
So, if trying your hand at Internet or Affiliate marketing is what you want to do than go check out this online training university and become a free member.
They taught me everything I needed to know for starting my own successful online business plus the same techniques Stuart Ross and Jay Kubassek’s system teaches you.
You will also get access to a community of marketing experts, 1-on-1 couching, 24/7 live chat support, and 2 Free Websites with hosting to work with how you see fit.
Whether you spend thousands on becoming a SFM member, or you find a free way to learn as I did, is your decision to make.
Either way, that is it for the Six Figure Mentors Review.
I hope I was able to give you a better grasp on exactly What is Six Figure Mentors.
First, thanks for reading the Job Hacking article that brought you here. (If you didn’t read it go here to see it).
So I promised you some Job Hacking strategies.
Let’s get started:
The idea is to free up enough time to start a side-business that can free you from a job.
There are several approaches:
– Create a ‘Muse’ that can work around the clock dispensing cash while you do whatever it is you need to do.
– Leverage assignments by Outsourcing through the myriad of sites that provide these services (Upwork.com, Fiverr.com, Freelancer.com, etc.)
– Buy enough cashflowing websites that can get you to the amount of money you need to free you from said job.
– Create a product that you can sell ‘around-the-clock’ and host on a website that will pay you automatically. (Click here for an example).
1) Leverage Time Zones – If you had a freelancer, or two, working for you in Hawaii there would still be enough time after you left work to manage them. (If you are in the states/mainland).
2) Outsource/Out-Task Assignments – The sites mentioned earlier will allow you to broker assignments and get paid each week.
3) Value of Your Time – Here’s the trick. If you earn $12 or more per hour then employing outsourcers who will work for $4, or less, each hour is smart. Now before you stress about paying someone ONLY $4 per hour understand that in places like the Philippines this is a VERY good wage.
4) Work Only 4-Days A Week – Working four 10 hour days is a strategies that many entrepreneurs have employed to get their Start-Up going. (Click here for more).
5) Broker Freelance Work – By regaining those extra hours we mentioned earlier you can broker freelance assignments.
Here are some typical business tasks that demand top dollar:
– Article writing
– Transcription services
– Social game development
– Application development
– Video creation
– Lead generation
– Sales calls (telemarketing)
– Database management
– Social media management
– SEO and PPC campaigns
Tim’s book goes into much greater detail.
But even if like your job creating a cashflowing enterprise on the side is a good idea.
Feel free to leave your comments below.
If you work full-time and want to start a side business read this…
Everyday I talk to entrepreneurs looking to start a side business. They usually have the same issues:
– Fear of leaving their jobs
– Anxious about startup/transition capital
– Not knowing which idea to choose
– Afraid to go public with their idea
– Fear of the technology
Too Many Ideas
Here’s the real test to determine if you are a true entrepreneur; you have too many ideas! Every entrepreneur I have ever met is an ‘idea machine.’
It actually amazing how many ideas I have been shown by would be entrepreneurs. But in most cases these individuals are afraid to pull the trigger on their first start-up.
In fact, their ‘analysis paralysis’ is usually fueled by their idea generation process.
The amount of ideas that they come up with gives them an excuse for procrastination. “I don’t want to start with the wrong one!” This is the common cry from wannabe entrepreneurs who are stuck.
Still others will claim that being trapped in a dead end job offers little time to plan their great start-up escape.
But you may be shocked to discover that being in a job (hated or not) is usually not the biggest obstacle for getting started.
1) If your company folded you would be out of a job.
2) If you got fired you would be out of a job.
What’s my point?
Both of these ‘events’ would liberate you from that dead end job. Either one of these occurrences would ‘free’ you from that job instantly (though painfully).
But that job’s devastating hold on you would be broken! You would be free of the very thing that was stopping your ‘real life’ from proceeding.
Of course in either of these cases you might find it hard to transition to starting a business because of psychological and financial reasons.
It’s hard to start a business when cashflow is gone and you have the added pressure of a mortgage (or rent), family, car note, etc. staring you in the face. (Not to mention the added element of depression).
This is why the next point that I am going to make is so critical.
First You Must Generate Income!
Let me sharpen the point I attempted to make earlier. It’s not ‘being trapped’ in a job that is your biggest obstacle to entrepreneurship. It’s not creating your escape plan. And, in order to escape, you will must have EXTRA money.
You see the money you are generating through your job is already consumed.
You must create a cash reserve to allow you to transition from employee to entrepreneur. Not only that but the money would be there as a safety net if you did lose your job.
That reserve income is the only way you will be able to break free of your job. It is vital that you start creating it ASAP!
I know you still may be asking the following questions:
A) What to do?
B) Where to start?
Have Your Own Product
The best advice I will give you is to have your own product. This will allow you to setup an income stream that will bring money in automatically. A product is better than a service because your time is already tied up. Plus, a service is harder to scale because there are only 24 hours in a day.
(NOTE: This is the problem with network marketing programs. They usually turn you into a service provider. Your time gets tied up with; the phone calls, meetings, Google hangouts, product demonstrations, and the recruiting — these tie up your time. In essence, you wind up using your time providing a service).
This is why you must offer a product that is efficient and highly profitable.
Here the 3 rules about the product you offer:
1) It must be digital.
2) It must be valuable.
3) It must be delivered automatically.
You may not have any idea what kind of product to create. This is something you should work on immediately. But in the meanwhile let me suggest that you consider offering the products at the link below:
These products will give you the ability to start earning income quickly (and passively). You should use these products to create income. But you must also consume them because many hours of research went into their development.
They are guaranteed to inspire more ideas to create additional income streams to help with your transition from employee to entrepreneur!
Automatic Payment Button
You will want to setup the product with a ‘hands-free’ delivery system. This is why it is so important that your product is digital.
Step By Step Report
Once you buy the products at the link provided how do you start offering them in the marketplace?
I have created a step-by-step report that will show you the right way to use the FREE resources available for promoting your offering. However you must enter a valid email address to get it. Use the link below:
(This report is only sent via email).
Remember, the sooner you get started creating extra income the faster you will be able to transition from employee to entrepreneur.
Alibaba 101: How to Safely Source Products from the World’s Biggest Supplier Directory
by Richard Lazazzera
In order to start an online business, you need two things, a product idea and supply. If you already have your product idea the next step is finding the perfect supplier. In our global village, it has never been easier to find a manufacturing or wholesaling partner halfway around the world, however sourcing your products from overseas can still seem like a daunting task for new online entrepreneurs.
In today’s post, we’re going to look at how to effectively and safely source a supplier for your product idea using the popular business directory Alibaba. We’ll introduce you to the pros and cons of going overseas and show you how to navigate this new terrain so you can lock onto the perfect supplier for your product idea and get started selling online.
Let’s jump right into it.
Disclaimer: Before making any purchases from Alibaba, make sure you read their most up-to-date information and safeguards to protect your purchase. Click here.
Advantages & Disadvantages Of Sourcing Overseas
The most common reason many entrepreneurs look to Asia, and in particular China for product suppliers is to take advantage of the low manufacturing costs. Costs of manufacturing in Asia can be significantly lower than North America and other parts of the world, so much so that for many businesses, it could be quite difficult to be profitable if it wasn’t for overseas manufacturing.
Cheaper product costs are great, but they aren’t the only reason Asia is an attractive place to find a supplier, there are some additional benefits as well:
Lower manufacturing costs
Suppliers are (generally) much more open to working with smaller businesses and providing smaller quantities
High number of suppliers to choose from
For many products, Asia might be the only place that produces the item
One-stop services like Alibaba have made it very easy to navigate and purchase from suppliers
Along with the advantages of sourcing from overseas suppliers also comes several disadvantages that you should be equally aware of. Some of the biggest disadvantages include:
Perceived lower quality from customers
(Usually) lower manufacturing and labor standards
Almost no intellectual property protection
Language and communication barrier can be difficult to overcome
Difficult/costly to verify manufacturer and visit on-site
Longer shipping time
Cultural differences in business practices
Product importation and customs clearance
Lower level of payment security and recourse
What Is Alibaba?
If you’ve decided and are determined to source your supplier from overseas, there’s a good chance you will be buying from Alibaba. By the numbers, Alibaba is the largest ecommerce company in the world (bigger than Amazon and eBay combined) and it’s also the most comprehensive directory that connects suppliers (mostly from Asia) with buyers from all over the world. Alibaba literally has millions of products from hundreds of thousands of suppliers so there’s not much you wont find on the directory.
Begin Your Search
Buying on Alibaba and using the directory is fairly straight forward to use and similar to other marketplaces like eBay. Browse the product categories or do a search for the particular product you’re looking for.
There are two common approaches to doing a search on Alibaba. You can either search for items based on product descriptions, for example: dog collars, which will give you thousands of results for dog collar products. Alternatively, from the drop-down menu, you can select “Suppliers” instead of “Products” and instead search for manufacturers that specialize in that particular type of product.
What to Look for on Product Pages
When starting your search for a supplier on Alibaba, there are a few things you want to look at and pay attention to on the product listing page. Let’s take a look at a example listing for a dog collar listing we found on Alibaba.
One of the first things you’ll likely want to look at is the price. For this listing we can see a price of $2-$3 USD FOB. FOB stands for Free On Board and means that the seller will pay also costs associated with getting the product to the marine port (the cheapest way to ship products from Asia) and the buyer pays the cost of actually transporting the goods across the ocean to the final destination.
Minimum Order Quantity (MOQ)
Next, you’ll likely want to look at the minimum order quantity. The minimum order quantity (MOQ) is the smallest order the manufacturer is willing to accept. However, it’s important to note that this is almost always negotiable. In our example, the minimum order is 200 units. Multiplying that by the higher-end price of $3 per unit we can quickly see that we would be looking at a minimum order of approximately $600 USD + shipping from this particular supplier, for this particular product. This is good to know for later when it comes to negotiating because it give you a good start point.
After understanding price and MOQ, you will likely want to know how you can pay the supplier. There are several common methods of payment, each have their pros and cons for both the buyer and the seller.
Let’s take a look at the most common payment options below and the associated risk level to you as the buyer:
1. Upfront TT (Bank Transfer)
Risk Level For Buyer: Risky
With a bank transfer, the supplier will receive full payment before production starts. This payment method bears a high level of risk to the buyer and generally is not recommended when dealing with an unknown supplier. There is little if any recourse to get your money back if something goes wrong.
2. Letter of Credit
Risk Level For Buyer: Fairly Safe
A Letter of credit is fairly safe for both parties, however a letter of credit carries some complex procedures and is generally only recommended for larger purchases ($20,000 and above).
3. Western Union
Risk Level For Buyer: Very Risky
A risky payment method for the buyer that’s not recommended when it comes to paying suppliers if the payment is not protected by escrow. Western Union generally should only be used when dealing with people you know very well. There is no recourse if something goes wrong.
Risk Level For Buyer: Fairly Safe
Paypal is a popular payment method for buyers as it presents a much lower risk, ease of use and generally pretty good buyer protection. Although it’s a popular option with buyers, it’s less popular with suppliers due to difficulties in withdrawing money, high tax rates and potential charge backs from less than honest buyers.
Risk Level For Buyer: Fairly Safe
When using an Escrow service, the buyer’s money is held by a 3rd party and is only paid to the supplier after the buyer confirms satisfactory delivery of their order. Escrow is a fairly safe payment method for buying and selling online because Escrow protects both the buyer and supplier.
You can read about common payment methods on Alibaba on the Alibaba Safe Buying page.
Generally, when you are just starting, you’ll probably want to look for or negotiate with suppliers to either accept PayPal or some type of Escrow service to give you the highest level of protection.
As great as Alibaba is, it’s also plagued with some problems that you need to make yourself aware of when you are researching and contacting various suppliers.
Let’s take a look at three of the biggest problems with sourcing suppliers from Alibaba:
Middlemen – As mentioned previously, Alibaba has hundreds of thousands of “manufacturers”. However, many of these “manufacturers” are not manufacturers at all, rather middlemen that masquerade, marking up the price, increasing the level of miscommunication between you and the actual manufacturer while providing little, if any real value.
Scammers – Middlemen are bad but they will only take a bit of your money by charging you higher fees, scammers will take all your money. Although Alibaba has put forth a strong effort to combat and remove scammers from their platform, there are still a good share of dishonest suppliers on Alibaba that you need to be cautious of.
Quality – Quality is another big concern when ordering from overseas. Many products will be advertised as premium or high quality, however it’s not uncommon to find that your opinion of premium quality and the overseas supplier’s opinion are vastly different.
So how exactly do you protect yourself from middlemen, scams and low quality products on Alibaba? Although no single method is perfect, together practicing several safeguards is your best bet.
Let’s take a look at several things you can do to protect your money when sourcing from overseas:
1. Verify suppliers – Alibaba has their own verification program in place which includes several levels of verification. Below is a chart that summarizes the three different levels of verification Alibaba has. These verification badges will appear on product listing and supplier profiles if they have them. Looking for these verifications is a good first step.
For more information on checking supplier verification, click here. For more information on Alibaba’s Gold membership for suppliers, click here.
In addition to Alibaba’s verifications, there are also independent 3rd party services located in Asia that will visit factories on your behalf to verify the supplier and product quality. Depending on the size of your order, a few hundred dollars extra for added piece-of-mind may be well worth it.
2. Ask questions and followup – As you begin narrowing down suppliers make sure to ask a lot of questions about their business and their products. Ask for a copy of their business licensee, ask for a phone number and actually call it. Have a Skype meeting with your contact. Ask for photos of the factory and sample products.
Feel free to ask for whatever makes you feel more comfortable doing business with someone a world away. It wouldn’t be crazy for you to even ask your factory contact to take a photo of themselves on the factory floor holding up the current days newspaper and one of their products.
3. Get samples – It should go without saying that before you invest any significant amount of money into inventory you need to get samples to check and verify quality. Feel free to even contact them through another (fictitious) name and email and get an additional sample so you can compare quality.
4. Too good to be true – Finally, if something is too good to be true, it usually is. Be weary of pricing or promises that don’t seem right or that are way off from other suppliers you’ve contacted. Always be willing to walk away from a deal if something doesn’t feel right.
Now that you understand how to better protect yourself when doing a transaction on the other side of the globe, it’s time to contact some suppliers. When contacting suppliers overseas, email will likely be your main method of communication. In many cases, they will likely be using a translation program like Google Translate to translate your email as well as their reply back to you. Remember, computer translation is still an imperfect art so expect some errors and possible misunderstandings. To make sure communication is as clear as possible, keep your emails short, concise, well formatted and spelling error free. This will not only help the manufacturer but it will ultimately provide you with better replies in the end.
Tip: When asking your questions and formatting your emails to suppliers it’s best to number your questions so that they can easily reply to each number. This keeps the questions and communication clean and organized.
Requesting a Quote
Requesting a quote (many times referred to as a RFQ, Request For Quote) is a relatively simple process, however, taking a few extra minutes to plan your email can make a significant difference in the number and quality of replies you receive.
Here are a few important questions to consider for your email:
Minimum Order Quantities (MOQ’s) – Even if a listing has their MOQ listed, you should double check with them to make sure it’s accurate. If the MOQ’s are much higher than what you know you can afford, you’ll want to ask them if they are willing to negotiate the minimums. Make sure to give them an idea of what you can afford. Keep in mind, minimum order quantity is almost always negotiable with overseas suppliers.
Pricing For Samples – Samples are important to inspect for quality. You’re going to want to ask what their pricing is for samples right away. Some suppliers that receive a lot of sample requests and may change the full retail pricing, others will offer you samples at a discounted rate, and some may even provide you samples for free if they feel you’re a serious buyer.
Production Pricing – One of the most important questions is how much your products cost per unit will cost. Many times on Alibaba they will give you a range (Example: $2-$3 per unit), but you’ll want to know exactly how much each unit will cost you.
Production Time – Knowing how long it will take to produce your order is an important consideration and depending your exact business, time can be critical.
Payment Terms – Many suppliers will require new businesses to pay for the full order upfront. This is important to know since inventory is a major cost for ecommerce startups. You may also want to also ask if they provide payment terms on future orders.
Here’s an example of an email template you may want to consider as a guideline when contacting overseas suppliers from Alibaba:
My name is John and I am with XYZ Company.
I am interested in placing an order for Widget A. Before I do however, I just have several questions:
What is your minimum order quantity?
What is your cost per unit and at what quantity levels do you offer quantity discounts?
What are your payment terms for new customers?
I would also like to order a sample of Widget A before placing a full order. Can you please send me the cost for the sample including shipping to:
80 Spadina Ave., Floor 4
Toronto, ON, Canada
As you can see from the sample above, it’s short, concise and it’s goal is to make sure at a high level that there is a fit between both parties.
Once you have begun conversations with several suppliers and have a good idea of each of their prices, MOQ’s and payment terms, you can begin negotiating with them. As mentioned previously, the minimum order quantities are almost always negotiable, it’s simply a matter of asking. Remember, a good negotiation leaves both parties happy with the outcome so push a little but not too hard.
Weighing Your Options
Once you’ve narrowed it down to a select few suppliers, you’ll want to weigh all your options. Keep in mind that when weighing your options, you’ll want to consider more than just price, MOQ and payment terms. Make sure you factor in how well and how quickly each supplier replied to you. Your communication with your supplier can be a critical element of your business going forward so you’ll want to make sure you start off on the right foot.
Sourcing a reliable supplier for your product from Alibaba might be a new experience but also a rewarding one. With some basic knowledge and common safeguards, it can be pretty safe. Always do you due diligence and if a deal feels too good to be true, be ready and willing to walk away. There’s a hundred other suppliers you can find in just a few clicks.
About The Author
Richard Lazazzera is an ecommerce entrepreneur and Content Strategist at Shopify.
Fiverr.Com Versus Popular Alternatives
Fiverr (two “R”s) is a site where online freelancer offer their services in the form of “gigs” to individuals looking to have work done.
Gig providers on Fiverr receive $4.00 dollars from each gig. This is how the company makes money. Because of the low price and strange gigs like:
– a beautiful young woman will flirt with your boyfriend;
– another woman will promote your product in a bikini while kicking a heavy bag;
– someone else will breakup with your girlfriend or boyfriend;
(you are getting the idea)
…and the TV publicity on morning and news programs, Fiverr has become a huge hit.
Problems with Fiverr
But there has been some problems with Fiverr. When you look for a person to give you the best quality service on Fiverr you use the rating system. But some report that many of the 99% ratings are faked! (Fiverrs will get a fake buyer account and buy from themselves and leave positive feedback).
Others have reported the annoying problem of someone taking your assignment and then after several days never delivering the service. Yes, you are able to get your money back but it’s still annoying having waited all that time and not getting the work.
Still others have claimed that the graphic design work on Fiverr is horrible. But you may want to take that with a grain of salt because many of these same people are designers trying to sell work on other sites (like Elance, Upwork, etc.) for more money.
Unhappy Gig Providers
Many gig providers have discovered that it’s just not worth the time spent and have moved on to other, more profitable, platforms.
Some of the gurus have ‘courses’, and even software, that claim to teach you how to get clients to pay you big bucks for services rendered by Fiverrs. It’s called brokering and you will be the middleman collecting the profit. But with so many people being familar with Fiverr these days one wonders how this could even been done.
Fiverr was founded by Shai Wininger and Micha Kaufman in 2009. Wininger came up with the concept of a marketplace that would provide a two sided platform for people to buy and sell a variety of digital services typically offered by freelance contractors. Services offered on the site include writing, translation, graphic design, video editing and programming. Fiverr’s services start at $5, which is what the company’s name is based on and can go higher with Gig Extras. Each service offered is called a “Gig”.
Better Than Fiverr?
So what are the new sites giving Fiverr.Com a run for its money and should you use them?
Another website very similar to fiverr. Only, it hosts $4 gigs. The rest is the same. 20% commission, payment through PayPal, similar interface, etc. Not better than fiverr, but definitely worth a shot.
GigBucks is is a very popular alternative to Fiverr. It hosts gigs for all the categories found on fiverr. It gives freelancers the opportunity to charge an appropriate amount of money for their services. A gig can be anywhere in the range of $5 to $50, definitely a big step up from the $4 on fiverr. Just like Fiverr, joining is absolutely free. And you can post as many gigs as you like. A must try for existing fiverr users or other people.
Zeerk is another big fish up for grabs. Working at Zeerk can be much more worth your while. You can charge as much as $100 per gig! Now, services can charged appropriately and no one needs feel left out! For small jobs such as $2 or $5 jobs, there is no commission! And I thought Fiverr was cool!
SeoClerks contains gigs relating to SEO, internet marketing, and other such web services. The great thing about it is, it offers the widest range of money you can ask for your gigs. You could either ask for $1 for a petty job, or you could ask as much as $999 for a high value project. Web masters would love this website. Just visit it and see what i’m talking about.
TenBux is very similar to Fiverr. A lot similar, in fact. It has a similar interface, which is simple and easy to use. It has almost all of the categories Fiverr has. Only big difference is, it allows $10 per gig, twice of what fiverr would allow. Out of the $10, you get $8, which is the exact commission rate as it is with fiverr.
This website is a lot better than fiverr or some of its alternatives. For one, it pays out through both PayPal and AlertPay. Here, you can host any type of gig for $5, and some other multiples of 3; $3, $6, $9, $12, $15, $27, $45, and $90. Not bad eh? Sign up now and show the world what you’ve got!
This is another copy, if not a clone of fiverr. The name, you can see. But the interface is a little similar too. The good thing is, it has a lower commission rate than fiverr. And it allows you to post gigs ranging from $1 to $10. So that’s pretty useful as far as categorization of work is concerned. But the problem here is, giggers have to post gigs with lower and lower rates to attract clients. And I must say, $1 is too low for any kind or work, unless it involves suggesting a name or slogan or something.
Tim Ferriss – 30 Grams of Protein in 30 Minutes Frenzy
Most of us are Familiar with the 4-Hour Workweek But Tim’s Nutritional…
Most of us are familiar with the 4-Hour Workweek But Tim’s nutritional advice on eating 30 grams of protein 30 minutes upon rising has created a frenzy.
Nutritionists like Dr. Joel Fuhrman and Dr. Robert Atkins have made the argument about the benefits of a low carb diet.
But Tim Ferriss has made himself a Guinea pig and tested eating habits and a myriad of other body-hacks on himself.
In December 2010, Ferriss’ second book, The 4-Hour Body: An Uncommon Guide to Rapid Fat-Loss, Incredible Sex, and Becoming Superhuman, was published by Crown.The book covers more than 50 topics, including rapid fat loss, increasing strength, boosting endurance, and polyphasic sleep. Ferriss also introduces his version of the Slow-Carb Diet, which involves the elimination of starches and anything sweet (including fruit and all artificial sweeteners) and a strong preference for lean protein, legumes, and vegetables.
The benefits of a high-protein breakfast in losing weight have been documented. Protein-rich foods take longer to leave the stomach, so they keep you full longer than other foods. Sugar levels are kept steady with low carb high protein diet.
According to the Harvard School of Public Health you burn more calories eating protein, since the body requires more energy to digest the nutrient than it does fat or carbohydrates. That’s why he recommends consuming at least 30 grams of protein for breakfast.
Eating more protein at breakfast is a smart strategy for losing weight. But you still need to pay attention to your calorie intake. Even adding more protein won’t let you lose weight if you consume too many calories. It is important to get most of your protein from lean sources and limit your consumption of fat and calorie-dense protein foods to special occasions.
Below are several options for high protein meals:
Directions: Consume 30 grams of protein within 30 minutes of waking up! Do not make any changes to your diet or exercise!
How to get 30 Grams of Protein in 10 minutes or less!
Some “Real” Food Options:
Liquid Egg Whites have roughly 26 grams of protein per cup. Microwave (or cook) for 2.5 minutes in a Pyrex dish. Then microwave 150 grams of frozen spinach for 5 minutes to get another 6 grams of protein. Then add your favorite salsa. This makes for 32 grams of protein in less than 10 minutes.
Canned Tuna + 1 or 2 eggs (or egg whites): Chuck it all in a pan with some mushrooms, cayenne pepper and Italian herbs and put it in the oven till it’s done.
3/4 cup of your favorite beans (8 grams protein) + White or Red Onions (chopped) + 3 eggs (18 grams protein) or liquid egg whites and salsa or Cholula.
The Quick Fix (less than 3 minutes)
One Scoop Whey Protein Concentrate in milk (not slow carb) or in water. Add a handful of raw almonds if you like.
One protein bar of choice or build your own.
Ice + Coffee + Whey Protein Concentrate + ½ scoop egg protein powder (staying powder) + cinnamon (this video is even more complex) mixed in blender.
Ready-made protein shakes. Pure protein or Myoplex are decent options (among many others).
Ready-made zero carb 40 gram protein drink. (light and not filling)
You may be thinking:
“House Flipping? Hey, Hasn’t the Real Estate Market Tanked?”
Well, yes and no. But more about that in a second.
First, let’s cover Than Merrill.
He owns the company FortuneBuilders. And, of course, his company puts on the Than Merrill seminar in major cities across the country.
It’s probably also important to note that Than Merrill does maintain an “A” rating with the Better Business Bureau.Than Merrill, one of the regular personalities on “Flip This House,” which ran for five seasons on A&E and is now in syndication.
The A&E show “Flip This House” was so popular that most people understand the basic concept:
You buy cheap ‘fixer uppers’ and quickly (important point), and within your budget, fix them and turn (flip) them for a profit. You want to get your investment back as quickly as you can because it is probably borrowed money you are using for the flip and as the clock ticks the interest rate is climbing.
Challenges with Flipping Houses:
The market is still soft in areas
The property could have unforeseen issues
Contractors may run behind schedule
Cost overruns can kill your profit
The Free Seminar
In the marketing world the Than Merrill seminar is what’s known as a ‘lead generator’
It’s whole purpose is to get enough prospects (that’s you) in the room in order to upsell you the 3-Day event (course). This will cost you about $197 (as of this writing).
Now you may be thinking:
“Hey, $197 is nothing to pay to flip several houses that will yield tens, to maybe hundreds, of thousands of dollars!”
(This thinking is why YOU are a prospect).
But the 3-Day course is designed to upsell you to the real money maker (for Merrill’s company) the Mastery Course that will cost you…
… wait for it…
Anywhere from $20k to $35k.
Now you may be thinking:
“Hey, $35 still isn’t too much to pay. If I get just ONE deal that net me $50k I will have made my investment back… and then some!”
(Again….this is why YOU are a prospect).
It Could Be You
You could be one of the rare individuals (success rate is not revealed at the Merrill courses) who do make it through the training and find the money (investors) to back your flips and make a handsome profit.
But there is another way…
Yes, there is a way to get into real estate investing without the financial risk associated with flipping houses.
In fact, even if you do decide, later down the road, that flipping houses is the best path for you this approach will fund that venture.
12 Ways to Get Rich Online Fast While Working Full-Time
Revisiting the ‘Myth’ of Getting Rich Quickly Online…Is It Really Possible?
I have read one of Noah Christian’s books in the past and, not only did I enjoy it, but actually learned something.
But the title of his new book; “12 Ways to Get Rich Online Fast While Working Full-Time” initially made me roll my eyes.
It seems everyone has carved out a piece of the infamous “make money online” category.
Curious about what he had to say I plunked down my .99 cents and took a look.
Well, to say that I learned something new would be an understatement. “12 Ways” is more of a White Paper than a full fledge book.
Yet this did not take away from the impact of what he revealed.
Usually the word revealed is used too often. Especially when it comes to the MMO category but what he had to say was eye opening.
Mr. Christian must spend many hours staying on top of the hottest trends. Actually the market movements the talks about in “12 Ways” will probably give rise to new sectors in the economy.
The most fascinating point that he makes is how accessible several of them are to ordinary folks (like you and me).
I must admit there are at least 2 approaches that I am personally giving a closer look.
If you have gotten tired of the typical MMO dribble you might find Noah Christian’s insight bordering on brilliant.